New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-22
III, g. s s.,l. ~ ss:ss ss..s a a.
TREASURY STATEMENTS NO MYSTERY.

WEDNESDAY, Dec Z1-P. NJ.
On several occasions TIE TRIBUNE has
planned that Treasury accumulations Of money AID
o growing surplus were two entirely different
affairs For the last six months there have been
urgent efforts to create an impression that money
was being locked up in the Treasury The ques-
ton Of whether the Treasury was paying its debts
from current receipts and thus increasing its sur
plus without any accumulation of money has not
been the one in which commercial and mercantile
circles were interested. But was the Treasury
takin. money out OF general circulationp This
has been the important point, and set of Wall
Street bears through their paid agents have
worked and twisted the Treasury statements,
which are as plain as b and c. into all sorts Of
forms to nculcate that idea. But TO return to the
question Of "surplus' The Treasurys surplus
over current liabilities on November 80 was only
sl4, 400, 900 greater than it on June 80, ss7,
or about the amount of the coinage Of the stand
ard dollar in that time; SO nothing was added to
the surplus in that time that was taken from the
general circulation except the profit on that coin
age.
THE TRIBUNE again and again has
planned that the daily report Of expenditures does
not include redemption Of National bank notes
and other items ana that the only true method CT
was by its statements Of cash in hand, and we
never have had recourse to any other system We
have not time TO do il but think if any
viii take the trouble TO foot up the daily Treasury
gains as they have been reported by certain news
papers during the past year the result w0ulG
locate in the Treasury all the currency there is in
the country. To-day II was published that the
Treasury had gained 81 i.j04, 900 since Scptcm-
Der 3d. and that the fact Of there being less
money in the Treasury than there was on NOvcm-
Der 30 docs not change the situation. 1t is on
deposit in the banks and is as much an asset as II
In vaults Of the Treasury" This last statement
is dc-ricablc crawling on tho main question. be
sides being absolutely false. II also published
that The daily cash statement of the United
States Treasurer makes no distinction between
funds On deposit in the National Bank deposit
tories and funds i'm IN" Treasury" This state
mont also & false The daily statement details
thc cash in vault. tlr outstanding certificates 10
be deducted thcrofrom. and iho deposits IN banks.
OFFICIAL FIGURES OF TIE 1RENSCRER
W. suboin = comparison Of the official state
ni,nts az November 30 and Of to-day. showing that
the net cash n vault, j. - 269, az less than ON
November 80 and deposits m banks Si3J.f",
.Te.'f J.: not reduction Iu ca~u-uot eurpiuS->J.-
O7i3I7 In the meantime some $4,000. 600 II
silver haS been coined so that the addition 10 IN"
general circulation excluding bank po>itSi since
November 80 has boon over =. 600 600 instead OF
. con action including deposits IN banks OF 81 L.
5O4.o1O. IT, requires a> much inicillaonr" 20 ask
q quest ion re il docs TO answer q. The following
az. tn- Tna,lrrs official figures of Novcmhc.
80 and December 81:
y, ,. hand III 30 ,. r.iil55-. inc fIi3 -
Net Silver or t.0l J,jji-2i 1850 40 Dec. 5Gi4j'0
CHI. lGgls29 I'2957s;s,,, l n ,.s o' 9Gio